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Latest News: LIC Gets IRDAI Nod to Raise Stake in IDBI to 51%

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Indonesia Shuts Bali Airport Due to Ash From Volcano

Indonesia's airport in Bali will be shut on 29 June, until 7 pm local time due to the impact of volcanic ash from an eruption at Mount Agung on the resort island, the airport operator Angkasa Pura and the country's disaster agency told Reuters.

An eruption at the volcano had caused an ash column of 2,500 metres, Reuters reported.

5:49 AM , 30 Jun

Trump Says Will Raise Election Meddling with Putin in Helsinki Meeting

US President Donald Trump said on Friday he would raise the issue of alleged Russian meddling in US elections during his planned meeting with President Vladimir Putin in Helsinki next month.

Speaking to reporters aboard Air Force One on his way to New Jersey, Trump also said he would discuss the conflicts in Syria and Ukraine and other international issues with Putin during the July 16 summit.

"I'll talk to him about everything," Trump said.

"We're going to talk about Ukraine, we're going to be talking about Syria. We'll be talking about elections ... we don't want anybody tampering with elections."

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5:47 AM , 30 Jun

Irdai Permits LIC to Pick up to 51% Stake in Debt-Ridden IDBI Bank

Insurance behemoth LIC will acquire up to 51 per cent stake in state-owned IDBI Bank after regulator Irdai approved the plan that will help convert the debt-ridden lender into a private sector entity.

According to sources, the board of Insurance Regulatory and Development Authority of India (Irdai) at its meeting held today in Hyderabad permitted Life Insurance Corporation (LIC) to increase the current stake from 10.82 per cent to 51 percent in IDBI Bank.

9:29 PM , 29 Jun

4 ITBP Police Killed, 6 Injured in Arunachal Accident

Six Indo Tibetan Border Police personnel were critically injured after the bus they were traveling in was hit by a boulder near Arunachal Pradesh’s Likabali earlier on Friday, 29 June.

Four personnel have lost their lives in the incident, reported ANI.

8:32 PM , 29 Jun

China's Yuan Skids Toward Worst Month

After a sustained sell-off, China’s yuan and stock markets recovered some ground on Friday, yet investors were grappling with some of their worst losses in years as a bitter Sino-US trade row threatened to rattle the world’s second-biggest economy.

The yuan CNY=CFXS was set for its biggest monthly fall on record. Chinese stocks, on a downward spiral since late January, had their biggest day of gains in almost two years but still notched their worst monthly slide since January 2016.

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Published: 29 Jun 2018, 7:41 AM IST
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